Nigeria's Economic and Financial Crimes Commission (EFCC) has apprehended 792 individuals for alleged involvement in a widespread cryptocurrency romance scam. According to a report by Reuters, On December 10, authorities raided a building in Lagos believed to be a hub for the fraudulent activities. Wilson Uwujaren, a spokesperson for the ...
New Zealand’s top financial regulator, the Financial Markets Authority (FMA) has issued a warning about a new crypto investment scam targeting the country’s citizens. According to the regulator, the scam is promoted through YouTube channels that offer fake crypto investment advice, urging viewers to join private groups on platforms like ...
Indonesia's leading crypto exchange, PINTU, has introduced Pintu Pro Futures, a new feature that enables users to trade cryptocurrency derivatives legally and securely. The feature offers access to perpetual futures contracts, which are derivatives without expiration dates, for popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE), ...
The Bank of England's Prudential Regulation Authority (PRA) has directed financial firms to disclose their current and projected crypto asset exposures by March 2025. In a statement released on December 12, the PRA emphasized the importance of understanding both present and future crypto involvement to assess risks associated with the ...
A recent survey by Kraken involving 2,537 Americans revealed that 55% of respondents, regardless of their crypto ownership status, recognize the practical applications of cryptocurrency. However, 29% remain uncertain about its long-term viability, highlighting lingering scepticism in the market. Among current crypto holders, optimism prevails, with 73% expressing their intent ...
Bitwise Asset Management predicts that 2025 will be a landmark year for cryptocurrency companies going public, with at least five “crypto unicorns” expected to launch Initial Public Offerings (IPOs). In their “10 Crypto Predictions for 2025” report, Bitwise’s Chief Investment Officer, Matt Hougan, and Head of Research, Ryan Rasmussen, have ...
The rise of crypto scams on X has reached alarming levels, with impersonation accounts surging to over 300 daily, marking an 87% increase from the November average of 160, according to blockchain analysts. On December 10, Scam Sniffer, a blockchain analytics firm, issued a warning about the growing trend. The ...
A recent survey of 1,248 cryptocurrency investors highlights the profound influence of emotions on investment decisions. According to Kraken, 84% of respondents admitted to investing due to fear of missing out, while 81% were swayed by fear, uncertainty, and doubt. Kraken noted that the findings indicate a "significant majority of ...
Cathie Wood, founder of Ark Invest, has expressed concern that the U.S. almost lost its competitive edge in crypto, especially before Donald Trump's reelection. In a CNN interview, Wood stressed the importance of the U.S. regaining leadership in emerging technologies such as crypto, AI, robotics, energy storage, and multiomic sequencing. ...
South Korea has delayed the implementation of its controversial 20% cryptocurrency tax for the third time, extending the deadline to 2027. Democratic Party (DP) floor leader Park Chan-dae announced a postponement of cryptocurrency tax enforcement, citing the need for more institutional preparation and a comprehensive overhaul of existing frameworks. This ...
